PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Get Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.58 and traded as low as $8.33. PIMCO Global StocksPLUS & Income Fund shares last traded at $8.40, with a volume of 28,978 shares traded.

PIMCO Global StocksPLUS & Income Fund Price Performance

The stock’s 50 day simple moving average is $8.58 and its 200-day simple moving average is $8.81.

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PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.069 per share. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC lifted its position in shares of PIMCO Global StocksPLUS & Income Fund by 44.6% in the second quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after buying an additional 3,300 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of PIMCO Global StocksPLUS & Income Fund by 4.6% in the 1st quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock valued at $261,000 after acquiring an additional 1,387 shares in the last quarter. Fifth Third Bancorp acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the 1st quarter worth approximately $128,000. Kestra Advisory Services LLC boosted its position in PIMCO Global StocksPLUS & Income Fund by 88.1% during the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock worth $821,000 after purchasing an additional 42,097 shares during the period. Finally, LPL Financial LLC grew its holdings in PIMCO Global StocksPLUS & Income Fund by 9.0% during the fourth quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock valued at $1,620,000 after purchasing an additional 14,627 shares during the last quarter.

About PIMCO Global StocksPLUS & Income Fund

(Get Free Report)

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.

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